Here Comes Hyperloop One: The $80 Million Startup

Hyperloop Tech prepares for historic public test

The concept of the Hyperloop belongs, of course, to Elon Musk. As if being the CEO of both Tesla and SpaceX, as well as the chairman of Solar City and a cofounder of PayPal, wasn’t enough, Musk in 2013 sent shockwaves through the tech world by introducing his idea for the Hyperloop, “a fifth mode after planes, trains, cars, and boats” based on a “low pressure tube with capsules that are transported at both low and high speeds throughout the length of the tube [and which are] supported on a cushion of air, featuring pressurized air and aerodynamic lift.”

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